UKOG agreed to buy Magellan Petroleum UK Investment Holdings Ltd from Tellurian
Investments LLC for GBP12 million in a cash-and-shares deal.
Shares of Tellurian
(TELL) are higher in afternoon trading following a note issued before the open by a Stifel analyst who corrected a prior mistake he found in his calculations when having downgraded the stock earlier this week.
"The Secretary's remarks will be followed by a fireside chat with President and CEO of Tellurian
Inc (NASDAQ:TELL) reported on Thursday the receipt of approval from the US Federal Energy Regulatory Commission (FERC) granting authorization for Driftwood LNG as well as the associated Driftwood pipeline (collectively, the Driftwood project).
FERC issued a final environmental impact statement to Tellurian
Inc.'s Driftwood LNG facility and associated pipeline earlier this year.
Driftwood LNG and Driftwood Pipeline have received the final Environmental Impact Statement (EIS), and Tellurian
expects to make a final investment decision and begin construction in the first half of 2019.
"I am certain the low oil price environment which has come from time to time -- like at the end of 2018 -- only mean further efficiencies will be achieved and US producers will be able to continue production growth even with lower price," said Amos Hochstein, Senior Vice-President of Marketing at Houston based Tellurian
, a producer and exporter of natural gas.
Houston, vice chairman of Tellurian
. (Photo Credit: Singapore International Energy Week)
But second-wave newcomers like Tellurian
Inc, NextDecade Corp and Venture Global LNG face a range of challenges from financing to contract pricing to pipeline access, experts told Reuters.
LNG, and Wall Street firms such as Perella Weinberg Partners, a hedge fund that reported a multimillion-dollar stake in LNG startup Tellurian
earlier this year.
Cripps Sears & Partners and Tellurian
Investments hosted the 4th edition of their LNG Leadership Roundtable end of May 2018.